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How China's profiting from trade with Russia amid war
Friday, 22 December 2023
China's exports to Russia have surged, leading to increased sales for Chinese vehicle manufacturers and making China the world's largest car exporter. The economic relationship between China and Russia has strengthened due to Russia's switch to China for purchases following the Ukraine invasion. China has also benefited from Russia's sale of oil and natural gas at discounted prices. The two countries have surpassed their trade expectations, with trade reaching over $200 billion in the first 11 months of this year. Additionally, China's construction industry has received a boost from the close ties with Russia.
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